How many PPI wallet transactions happen in India each month?

History

RBI counts payments made with prepaid payment instruments: wallets and prepaid cards. Volume is in lakh (a lakh is a hundred thousand; a crore is ten million). Value is in ₹ crore.

The figures side by side

How we got this number

1. Read the 'Prepaid Payment Instruments' line in Part I of RBI's Payment System Indicators for September 2026: 9,648.44 lakh transactions worth ₹27,456 crore, split into wallets (7,372.82 lakh) and cards (2,275.61 lakh).
2. Divide by a hundred to turn lakh into crore (about 96.48 crore). Compare with September 2025 (8,551.51 lakh) to get the 12.8% rise.
3. Put it next to the earlier months from RBI's monthly pages: 8,573.06 lakh in April, 9,022.57 in May, 8,882.56 in June, 9,253.65 in July and 9,694.62 in August 2026.

What this number does not tell you

• RBI marks the data provisional and revises earlier months: June 2026 was 8,882.56 lakh on RBI's June page and 8,887.79 lakh on its July page.
• This counts payments made with PPIs, not the number of wallets or users, and not UPI payments, which RBI counts on separate lines.
• Each month is taken from that month's own page, so the chart can differ slightly from the latest revised numbers.
• The September 2026 data was on RBI's site by 31 October 2026.

Sources

1. RBI, Payment System Indicators, September 2026 (Part I, prepaid payment instruments), September 2026 data; RBI page shows "Website last updated date: Oct 31, 2026" — columns: volume in lakh (FY 2025-26, September 2025, August 2026, September 2026), then value in ₹ crore (same four)5 Prepaid Payment Instruments | 98699.47 | 8551.51 | 9694.62 | 9648.44 | 286429 | 22637 | 27467 | 27456 5.1 Wallets | 78570.94 | 6871.58 | 7449.52 | 7372.82 | 223016 | 17183 | 22492 | 22795 5.2 Cards | 20128.53 | 1679.93 | 2245.10 | 2275.61 | 63414 | 5454 | 4975 | 4661
2. RBI, Payment System Indicators, August 2026 (prepaid instruments row), August 2026 data; RBI page shows "Website last updated date: Oct 31, 2026" — columns: volume in lakh (FY 2025-26, the same month in 2025, the previous month, this month), then value in ₹ crore (same four)5 Prepaid Payment Instruments | 98699.47 | 7966.16 | 9253.65 | 9694.62 | 286429 | 22253 | 28607 | 27467
3. RBI, Payment System Indicators, July 2026 (prepaid instruments row), July 2026 data; RBI page shows "Website last updated date: Oct 31, 2026" — columns: volume in lakh (FY 2025-26, the same month in 2025, the previous month, this month), then value in ₹ crore (same four)5 Prepaid Payment Instruments | 98699.47 | 7124.06 | 8887.79 | 9253.65 | 286429 | 20758 | 27495 | 28607
4. RBI, Payment System Indicators, June 2026 (prepaid instruments row), June 2026 data; RBI page shows "Website last updated date: Oct 31, 2026" — columns: volume in lakh (FY 2025-26, the same month in 2025, the previous month, this month), then value in ₹ crore (same four)5 Prepaid Payment Instruments | 98699.47 | 6868.39 | 9022.57 | 8882.56 | 286429 | 20740 | 29443 | 27495
5. RBI, Payment System Indicators, May 2026 (prepaid instruments row), May 2026 data; RBI page shows "Website last updated date: Oct 31, 2026" — columns: volume in lakh (FY 2025-26, the same month in 2025, the previous month, this month), then value in ₹ crore (same four)5 Prepaid Payment Instruments | 98699.47 | 7106.39 | 8573.06 | 9022.57 | 286429 | 20722 | 28125 | 29443
6. RBI, Payment System Indicators, April 2026 (prepaid instruments row), April 2026 data; RBI page shows "Website last updated date: Oct 31, 2026" — columns: volume in lakh (FY 2025-26, the same month in 2025, the previous month, this month), then value in ₹ crore (same four)5 Prepaid Payment Instruments | 98699.47 | 6768.43 | 8749.63 | 8573.06 | 286429 | 21254 | 28563 | 28125

Worked out by us: 96.48 (9,648.44 lakh (RBI, September 2026) divided by a hundred, to give crore); 12.8 (9,648.44 lakh (September 2026) divided by 8,551.51 lakh (September 2025), less one, as a percentage: 12.83%, rounded to 12.8%).

Questions people ask

How many prepaid wallet transactions happen in India each month?

9,648.44 lakh (about 96.48 crore) in September 2026, worth ₹27,456 crore (RBI).

How many of those are wallets and how many are prepaid cards?

Wallets made 7,372.82 lakh transactions and PPI cards 2,275.61 lakh in September 2026.

How fast is PPI usage growing?

Volume was 12.8% higher in September 2026 than in September 2025, going from 8,551.51 lakh to 9,648.44 lakh.

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This figure is from RBI's own release or a report quoting it. We recheck it monthly. If you have a newer or better source, send it to us.